Precinct Properties New Zealand Ltd
NZX:PCT
Intrinsic Value
Precinct Properties New Zealand Ltd. engages in investments in central business district office properties. [ Read More ]
The intrinsic value of one
PCT
stock under the Base Case scenario is
1.334
NZD.
Compared to the current market price of 1.175 NZD,
Precinct Properties New Zealand Ltd
is
Undervalued by 12%.
Precinct Properties New Zealand Ltd's market capitalization is 1.9B NZD.
PCT stock price is 1.175 NZD.
PCT stock price (1.175 NZD) is 12% less than its Intrinsic Value (1.334 NZD).
PCT stock price (1.175 NZD) is 45% less than its Relative Value (2.152 NZD). Open Relative Valuation
PCT's ROIC (Return on Invested Capital) has increased in the last 3 years from 3% to 3%.
PCT's Revenue has grown by 8% over the past 12 months.
PCT's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 3%.
PCT's Revenue has been growing by 10% per year for the last 3 years.
PCT's Revenue is forecast to fall at a rate of 7% per year over the next 3 years.
PCT has positive Free Cash Flow for the last twelve months.
PCT's ROE (Return on Equity) has significantly decreased in the last 3 years from 7% to -6%.
PCT has negative Net Income for the last twelve months.
PCT has a very low three-year average ROIC (Return on Invested Capital): 4%. The company is not efficient at using invested capital to generate operating income.
PCT's ROE (Return on Equity) for the past 12 months is negative and is equal to -6%.
PCT has a very low three-year average ROE (Return on Equity): 2%. The company is not efficient at transforming stockholders' equity into net income.
PCT has positive Operating Income for the last twelve months.
PCT's D/E (Debt to Equity) is very low and is equal to 0.54.
PCT's long-term assets (3B NZD) exceed its long-term liabilties (1B NZD).
PCT has positive Gross Profit for the last twelve months.
PCT's short-term liabilties (151m NZD) exceed its short-term assets (66m NZD).
PCT's Altman Z-Score is very low and is equal to 1.06.
PCT has positive Net Debt. This means that the company has more debt (1B NZD) than cash and short-term investments (20m NZD).
PCT doesn't generate enough operating income (130m NZD) to safely cover interest payments on its debt (-29m NZD).
Valuation Backtest
Precinct Properties New Zealand Ltd
Run backtest to discover the historical profit from buying and selling
PCT
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Precinct Properties New Zealand Ltd
Balance Sheet Decomposition
Precinct Properties New Zealand Ltd
| Current Assets | 65.8m |
| Cash & Short-Term Investments | 20m |
| Receivables | 11.1m |
| Other Current Assets | 34.7m |
| Non-Current Assets | 3.4B |
| Long-Term Investments | 3.3B |
| PP&E | 67.3m |
| Intangibles | 1.5m |
| Other Non-Current Assets | 48.1m |
| Current Liabilities | 150.7m |
| Accounts Payable | 4.2m |
| Accrued Liabilities | 38.6m |
| Other Current Liabilities | 107.9m |
| Non-Current Liabilities | 1.2B |
| Long-Term Debt | 1.2B |
| Other Non-Current Liabilities | 23.1m |
Earnings Waterfall
Precinct Properties New Zealand Ltd
|
Revenue
|
229.7m
NZD
|
|
Cost of Revenue
|
-65.7m
NZD
|
|
Gross Profit
|
164m
NZD
|
|
Operating Expenses
|
-33.7m
NZD
|
|
Operating Income
|
130.3m
NZD
|
|
Other Expenses
|
-266.3m
NZD
|
|
Net Income
|
-136m
NZD
|
Free Cash Flow Analysis
Precinct Properties New Zealand Ltd
PCT Profitability Score
Profitability Due Diligence
Precinct Properties New Zealand Ltd's profitability score is 52/100. The higher the profitability score, the more profitable the company is.
Score
Precinct Properties New Zealand Ltd's profitability score is 52/100. The higher the profitability score, the more profitable the company is.
PCT Solvency Score
Solvency Due Diligence
Precinct Properties New Zealand Ltd's solvency score is 28/100. The higher the solvency score, the more solvent the company is.
Score
Precinct Properties New Zealand Ltd's solvency score is 28/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
PCT Price Targets Summary
Precinct Properties New Zealand Ltd
According to Wall Street analysts, the average 1-year price target for
PCT
is 1.279 NZD
with a low forecast of 1.141 NZD and a high forecast of 1.397 NZD.
Shareholder Return
PCT Price
Precinct Properties New Zealand Ltd
| Average Annual Return | -0.15% |
| Standard Deviation of Annual Returns | 16.23% |
| Max Drawdown | -37% |
| Market Capitalization | 1.9B NZD |
| Shares Outstanding | 1 586 350 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Precinct Properties New Zealand Ltd
Country
Industry
Market Cap
Dividend Yield
Description
Precinct Properties New Zealand Ltd. engages in investments in central business district office properties. The firm owns inner-city business space in Auckland and Wellington. The firm's property comprises over 300,000 square meters over approximately 10 buildings. The firm's Aukland and Wellington properties include AMP Centre, ANZ Centre, Bowen Campus, Central on Midland Park, Deloitte House, HSBC House, Mason Brothers Building, Mayfair House, PwC Tower, Pastoral House, State Insurance Tower, Zurich House, 1-3 The Terrace, 12 Madden Street and 157 Lambton Quay. The firm offers its buildings to the businesses and government organizations, including Air New Zealand, ANZ, Microsoft, PwC, The Treasury, State Insurance and Zurich. The firm's site in Wynyard Quarter comprises approximately 1.1 hectares of land area and focuses on developing over 46,000 square meters. The firm is managed by AMP Haumi Management Limited.
Contact
IPO
Employees
Officers
The intrinsic value of one
PCT
stock under the Base Case scenario is
1.334
NZD.
Compared to the current market price of 1.175 NZD,
Precinct Properties New Zealand Ltd
is
Undervalued by 12%.
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